Badger Meter, Inc. (NYSE:BMI) Shares Acquired by LPL Financial LLC


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LPL Financial LLC grew its holdings in Badger Meter, Inc. (NYSE:BMI) by 24.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,488 shares of the scientific and technical instruments company’s stock after buying an additional 1,087 shares during the period. LPL Financial LLC’s holdings in Badger Meter were worth $516,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BMI. BlackRock Inc. boosted its holdings in Badger Meter by 5.0% in the fourth quarter. BlackRock Inc. now owns 4,725,276 shares of the scientific and technical instruments company’s stock worth $444,461,000 after acquiring an additional 224,210 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in Badger Meter in the fourth quarter worth about $10,610,000. First Trust Advisors LP raised its stake in shares of Badger Meter by 14.7% in the fourth quarter. First Trust Advisors LP now owns 230,283 shares of the scientific and technical instruments company’s stock worth $21,660,000 after purchasing an additional 29,436 shares during the last quarter. Morgan Stanley raised its stake in shares of Badger Meter by 15.8% in the third quarter. Morgan Stanley now owns 191,445 shares of the scientific and technical instruments company’s stock worth $12,515,000 after purchasing an additional 26,140 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Badger Meter by 129.6% in the fourth quarter. SG Americas Securities LLC now owns 42,766 shares of the scientific and technical instruments company’s stock worth $4,023,000 after purchasing an additional 24,136 shares during the last quarter. 85.94% of the stock is owned by institutional investors and hedge funds.

Shares of BMI stock opened at $95.88 on Friday. The stock has a 50 day moving average of $98.93 and a 200 day moving average of $90.29. The stock has a market cap of $2.80 billion, a P/E ratio of 57.41 and a beta of 0.77. Badger Meter, Inc. has a twelve month low of $52.27 and a twelve month high of $111.77.

Badger Meter (NYSE:BMI) last announced its quarterly earnings results on Thursday, January 28th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The company had revenue of $112.33 million during the quarter, compared to analysts’ expectations of $107.32 million. Badger Meter had a return on equity of 14.28% and a net margin of 11.53%. Badger Meter’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $0.42 earnings per share. Research analysts anticipate that Badger Meter, Inc. will post 1.69 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 12th. Investors of record on Friday, February 26th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.75%. The ex-dividend date was Thursday, February 25th. Badger Meter’s dividend payout ratio is currently 44.72%.

In other Badger Meter news, VP Kimberly K. Stoll sold 3,363 shares of the firm’s stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $106.17, for a total value of $357,049.71. Following the sale, the vice president now directly owns 7,221 shares of the company’s stock, valued at $766,653.57. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gail A. Lione sold 8,666 shares of the firm’s stock in a transaction that occurred on Monday, February 22nd. The shares were sold at an average price of $105.45, for a total value of $913,829.70. Over the last quarter, insiders have sold 13,979 shares of company stock valued at $1,476,039. 0.80% of the stock is owned by company insiders.

Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded Badger Meter from a “strong sell” rating to a “hold” rating and set a $100.00 price objective for the company in a research note on Tuesday, March 23rd. Morgan Stanley assumed coverage on Badger Meter in a research note on Wednesday, March 31st. They issued an “underweight” rating and a $95.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Badger Meter presently has an average rating of “Hold” and a consensus target price of $77.33.

Badger Meter Profile

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities.

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Want to see what other hedge funds are holding BMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Badger Meter, Inc. (NYSE:BMI).

Institutional Ownership by Quarter for Badger Meter (NYSE:BMI)

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